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CMP3684 Mastering Solvency II for Insurance Risk and Compliance Leaders

$199.00
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A tailored course, built for your situation

Mastering Solvency II for Insurance Risk and Compliance Leaders

Build defensible, source-backed risk frameworks that stand up to internal scrutiny and peer review

$199 one-time
24-hour access provisioning 30-day money-back guarantee Hand-built implementation playbook
12 modules. 12 chapters per module. 144 chapters total.
12 modules, each with 12 chapters (144 chapters total), text-based, plus downloadable templates and a hand-built implementation playbook delivered alongside course access.
Most risk narratives fail not because they’re wrong, but because they lack the depth to survive pushback from technical or regulatory peers.

The situation this course is for

In complex insurance environments, strong ideas often get derailed not by data gaps, but by shallow justification. When peers question assumptions, standard talking points collapse. Without a foundation in Solvency II principles and real implementation precedents, even valid proposals lose traction. The gap isn’t knowledge, it’s the ability to articulate reasoned, source-grounded positions on demand.

Who this is for

Mid-to-senior insurance professionals in risk, compliance, or strategy roles who influence capital allocation, regulatory reporting, or cross-functional risk narratives but lack a formal mechanism to defend their approach under scrutiny.

Who this is not for

Entry-level analysts seeking certification prep; auditors focused solely on checkbox compliance; vendors selling Solvency II software without implementation context.

What you walk away with

  • Articulate Solvency II-driven logic with precision, using real regulatory citations and implementation benchmarks
  • Reference specific articles and technical guidance when challenged on capital model assumptions
  • Navigate peer debates with examples from EEA authority rulings and internal audit precedents
  • Structure risk narratives that anticipate counterpoints and embed auditability from the start
  • Produce documentation that survives leadership changes and external review

The 12 modules (with all 144 chapters)

Module 1. Solvency II Foundations and Strategic Intent
Establish a working knowledge of Solvency II’s three pillars and how they align with enterprise risk posture. Understand the directive’s origins, objectives, and why it reshaped European insurance regulation. Learn how to translate high-level requirements into operational rationale for internal stakeholders.
12 chapters in this module
  1. Understanding the evolution from Solvency I to Solvency II
  2. The role of the European Insurance and Occupational Pensions Authority
  3. Pillar 1: Quantitative requirements and capital calculations
  4. Pillar 2: Governance, risk management, and ORSA
  5. Pillar 3: Transparency and public reporting obligations
  6. How Solvency II changed capital modeling standards
  7. Key differences between Solvency II and US statutory accounting
  8. The role of internal models vs. standard formula
  9. Interplay between Solvency II and Group Supervision
  10. Implementation timelines across major EU markets
  11. Regulatory expectations for governance documentation
  12. Common pitfalls in early-stage Solvency II adoption
Module 2. Pillar 1: Capital Requirements and Technical Provisions
Dive into the mechanics of the Solvency Capital Requirement (SCR) and Minimum Capital Requirement (MCR). Learn how technical provisions are calculated, the role of risk margins, and how different risk modules contribute to aggregate capital. Use worked examples to clarify assumptions for non-actuarial stakeholders.
12 chapters in this module
  1. Structure of the Solvency Capital Requirement (SCR)
  2. Understanding the standard formula risk modules
  3. Market risk: equity, interest rate, and currency exposure
  4. Counterparty default risk and credit spread risk
  5. Life and non-life underwriting risk modules
  6. Operational risk calculation and simplifications
  7. Diversification benefits and correlation assumptions
  8. The role of risk mitigation techniques in SCR reduction
  9. Minimum Capital Requirement (MCR) thresholds and triggers
  10. How technical provisions differ from GAAP reserves
  11. Risk margin calculation using cost-of-capital approach
  12. Practical implications for asset-liability matching
Module 3. Pillar 2: ORSA and Internal Governance
Master the Own Risk and Solvency Assessment (ORSA) as a strategic tool. Learn how to integrate ORSA into decision-making, document governance processes, and align risk appetite with capital planning. Build defensible narratives for executive review.
12 chapters in this module
  1. Purpose and regulatory expectations for ORSA
  2. Aligning ORSA with enterprise risk management frameworks
  3. Defining and documenting risk appetite statements
  4. Stress testing and scenario planning under Pillar 2
  5. Governance roles: Board, CRO, and compliance teams
  6. Integrating ESG factors into ORSA assessments
  7. Reporting frequency and escalation triggers
  8. Linking ORSA outcomes to capital allocation
  9. Documentation standards for internal audit review
  10. Cross-border considerations in group-level ORSA
  11. Peer benchmarking using public Solvency and Financial Condition Reports
  12. Avoiding common gaps in internal model validation
Module 4. Pillar 3: Reporting and Transparency Requirements
Learn the structure and purpose of Solvency and Financial Condition Reports (SFCRs). Understand what must be disclosed, how to prepare technical documents for public release, and how transparency shapes market perception and stakeholder trust.
12 chapters in this module
  1. Components of the Solvency and Financial Condition Report
  2. Audited annual financial statements under Pillar 3
  3. Template requirements for quantitative reporting
  4. Narrative disclosures on risk profile and strategy
  5. Public vs. confidential reporting obligations
  6. Frequency and submission deadlines for regulators
  7. How rating agencies use SFCR disclosures
  8. Preparing disclosures for non-expert audiences
  9. Common omissions in first-time SFCR filings
  10. Tools for automating Pillar 3 reporting workflows
  11. Best practices from top-quartile filers
  12. Linking Pillar 3 disclosures to investor relations
Module 5. Internal Models and Use Test Approvals
Understand when and why firms pursue internal model approvals. Explore the ‘use test’ requirements, validation processes, and how internal models influence pricing, reserving, and strategic planning. Learn to justify modeling choices under scrutiny.
12 chapters in this module
  1. When to pursue internal model vs. standard formula
  2. Regulatory criteria for internal model approval
  3. The three pillars of the use test requirement
  4. Demonstrating management use in pricing decisions
  5. Integrating internal models into capital management
  6. Documentation needed for supervisor review
  7. Common reasons for internal model rejection
  8. Maintaining model relevance post-approval
  9. Stress testing assumptions in internal models
  10. How internal models affect reinsurance strategy
  11. Balancing model sophistication with auditability
  12. Lessons from EBA peer reviews on model governance
Module 6. Risk Culture and Forward-Looking Assessments
Build frameworks for embedding risk culture into daily operations. Learn how to assess tone from the top, conduct forward-looking risk workshops, and document cultural assessments for regulators. Turn abstract risk culture mandates into actionable evidence.
12 chapters in this module
  1. Defining risk culture in the Solvency II context
  2. Board responsibilities for setting risk tone
  3. Employee surveys and behavioral indicators
  4. Linking remuneration policies to risk outcomes
  5. Conducting regular risk culture assessments
  6. Documenting risk culture for supervisory review
  7. Forward-looking risk identification techniques
  8. Scenario workshops for emerging risks
  9. Integrating climate risk into risk culture
  10. Reporting risk culture gaps to the Board
  11. Benchmarking against EIOPA guidelines
  12. Using risk culture to strengthen ORSA narratives
Module 7. Group Supervision and Consolidation Challenges
Navigate the complexities of group-wide Solvency II application. Understand how different legal entities interact under group supervision, the role of group support agreements, and how to manage cross-border reporting expectations.
12 chapters in this module
  1. Scope of group supervision under Solvency II
  2. Identifying group-qualifying holdings
  3. Role of the group supervisor in EEA markets
  4. Group SCR and group-wide ORSA requirements
  5. Documentation of intragroup support agreements
  6. Capital distribution policies and dividend controls
  7. Challenges in consolidating non-EEA entities
  8. Local vs. group reporting thresholds
  9. Interaction with local regulators in subsidiaries
  10. Transfer pricing and capital allocation conflicts
  11. Best practices for group-level risk committees
  12. Using group templates to streamline reporting
Module 8. Solvency II and Climate Risk Integration
Learn how Solvency II frameworks are adapting to climate-related financial risks. Explore how to assess physical and transition risks, incorporate them into ORSA, and meet evolving disclosure expectations from regulators and investors.
12 chapters in this module
  1. EIOPA guidelines on climate risk and insurance
  2. Physical risk: flood, wildfire, and property exposure
  3. Transition risk: policy shifts and stranded assets
  4. Integrating TCFD recommendations into ORSA
  5. Scenario analysis for long-term climate pathways
  6. Data sources for climate risk modeling
  7. Disclosure expectations in SFCRs
  8. Actuarial adjustments for changing risk profiles
  9. Investment portfolio exposure to carbon-intensive sectors
  10. Engagement with reinsurers on climate assumptions
  11. Benchmarking climate risk disclosures across peers
  12. Preparing for upcoming ESG scoring regimes
Module 9. Auditability and Documentation Standards
Build documentation that survives regulatory review and internal turnover. Learn what auditors look for, how to structure evidence trails, and how to create living artifacts that maintain compliance over time without rework.
12 chapters in this module
  1. Core documentation required under Solvency II
  2. Evidence standards for Pillar 2 processes
  3. How to structure an audit-ready ORSA report
  4. Maintaining model validation records
  5. Version control for risk policies and procedures
  6. Internal audit expectations for risk governance
  7. Documenting risk appetite decisions over time
  8. Capturing rationale for capital model changes
  9. Using templates to ensure consistency
  10. Checklist for annual documentation review
  11. Integrating documentation into change management
  12. Avoiding audit findings with proactive tracking
Module 10. Cross-Functional Alignment and Stakeholder Management
Turn Solvency II from compliance exercise into strategic tool. Learn how to align actuarial, finance, legal, and underwriting teams around common objectives. Build narratives that resonate across departments and secure stakeholder buy-in.
12 chapters in this module
  1. Mapping stakeholders in the Solvency II process
  2. Aligning actuarial assumptions with finance reporting
  3. Engaging underwriting teams on risk appetite
  4. Legal's role in contract wording and compliance
  5. Communicating capital impacts to executive leadership
  6. Managing expectations across geographies
  7. Workshops for cross-departmental understanding
  8. Using dashboards to track Solvency II KPIs
  9. Conflict resolution in capital allocation debates
  10. Building a shared language for risk discussions
  11. Success stories from cross-functional implementation
  12. Governance models that scale across regions
Module 11. Regulatory Engagement and Inspection Readiness
Prepare for supervisory reviews with confidence. Understand what inspectors look for, how to organize response teams, and how to frame responses using Solvency II logic. Turn inspections into opportunities to demonstrate strength.
12 chapters in this module
  1. Typical structure of a Solvency II inspection
  2. Preparing the inspection response team
  3. Document organization for rapid access
  4. Common lines of inquiry from supervisors
  5. Responding to findings with evidence
  6. Role of external consultants in inspections
  7. Post-inspection follow-up and remediation
  8. Using inspection outcomes to improve processes
  9. How EIOPA coordinates cross-border reviews
  10. Benchmarking against previous inspection reports
  11. Proactive engagement with regulators
  12. Turning inspection feedback into training
Module 12. Future-Proofing and Regulatory Horizon Scanning
Stay ahead of upcoming revisions and market shifts. Learn how to track regulatory developments, assess impact on existing frameworks, and adapt proactively. Build a living system that evolves with the landscape.
12 chapters in this module
  1. Tracking EIOPA and EBA consultation papers
  2. Understanding proposed revisions to Solvency II
  3. Impact assessment for new capital requirements
  4. Engaging with industry associations on policy
  5. Monitoring national regulator interpretations
  6. Preparing for digital operational resilience rules
  7. DORA implications for insurance risk frameworks
  8. Cloud outsourcing and third-party risk under Solvency II
  9. AI governance and model risk management trends
  10. Workforce planning for future regulatory demands
  11. Building a regulatory change management function
  12. Scenario planning for macroeconomic shifts

How this maps to your situation

  • ORSA documentation under pressure
  • Cross-functional risk alignment
  • Regulatory inspection preparation
  • Climate risk disclosure planning

Before vs. after

Before
Relies on high-level talking points that falter when challenged by technical or regulatory peers
After
Confidently references Solvency II articles, implementation precedents, and regulatory guidance in real-time discussions

What's included with your purchase

  • 12 modules with 12 chapters each (144 chapters)
  • Downloadable templates and worked examples for every module
  • Hand-built implementation playbook delivered alongside course access
  • 30-day money-back guarantee

Delivery and format

  • Course and learning environment access provisioned within 24 hours of purchase
  • Hand-built implementation playbook delivered alongside course access

Format: Text-based modules and chapters in the Art of Service learning environment, plus downloadable templates and worked examples for every chapter, plus the hand-built implementation playbook delivered alongside course access.

Time investment: Approximately 90 minutes per week over six weeks, designed for completion on evenings or weekends

If nothing changes
Proposals get derailed not by data, but by inability to defend assumptions under scrutiny , leading to eroded influence and missed leadership opportunities

How this compares to the alternatives

Unlike certification prep courses, this focuses on practical, defensible reasoning , not memorization. Compared to generic compliance webinars, it provides specific citations, precedents, and implementation tools used by top-tier insurers.

Frequently asked

Is this course technical enough for actuaries and risk modelers?
Yes , it includes deep dives into SCR calculations, use test requirements, and model validation standards used by EEA supervisors.
How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Will this help me in a non-EEA market like the US?
Absolutely , AIG and other global insurers apply Solvency II standards to European operations, and its frameworks improve risk rigor globally.
$199 one-time. Approximately 90 minutes per week over six weeks, designed for completion on evenings or weekends.

Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.

30-day money-back guarantee· 144 chapters· Hand-built playbook included· Account access within 24 hours
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